Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Govt sets up Tribunal to resolve ICAI Election Disputes

The Central Government, on last Friday, constituted a Tribunal to resolve the disputes relating to the ICAI election held on December 2018.

s per section 10A of the Act, in case of any dispute regarding any election under clause (a) of subsection (2) of section 9, the aggrieved person may make an application within thirty days from the date of declaration of the result of election to the Secretary of the Institute, who shall forward the same to the Central Government.

Section 10B of the Act empowers the Government to set up a Tribunal consisting of a Presiding Officer and two other Members to decide such dispute and the decision of such Tribunal shall be final.

As per the Notification issued by the Government last week, the Central Government established a Tribunal consisting of the following persons to decide disputes arising under section 10A of the said Act in the matter of election to the Council of the Institute of Chartered Accountants of India held in December, 2018.

The Tribunal is presided by Ms. Zoya Hadke, Additional Secretary, Ministry of Law and Justice, Department of Legal Affairs, Shastri Bhawan, New Delhi. The members are Shri Alok Samantarai, – Member; Director General of Corporate Affairs, Ministry of Corporate Affairs, Kota House, Shahjahan Road, Near UPSC, New Delhi and Shri V. K. Khubchandani, – Member. Director of Inspection and Investigation, Ministry of Corporate Affairs, Kota House, Shahjahan Road, Near UPSC, New Delhi.

Read more at: https://www.taxscan.in

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